Eternal stock is seen testing the 20-DMA support following the 9% fall in the last two trading sessions. Chart suggests the stock, which has gained 82% so far in FY26 can rally another 14% from here.
Nomura has reiterated a 'Buy' call on Eternal with a target price of ₹370 per share, as it sees an advantage for the company over peers in the quick commerce business
Zomato's parent Eternal reports a 63% YoY fall in Q2FY26 profit to Rs 65 crore, while revenue more than doubles to Rs 13,590 crore on robust Blinkit and food delivery growth
Eternal shared the development while announcing the results for the second quarter of FY26 (2025-26)
The revenue from the company's quick commerce segment increased over seven-fold to ₹9,891 crore in the Q2 FY26, it was in ₹1,156 crore in the same quarter in the previous financial year
In the past one month, the stock price of the parent company of Zomato and Blinkit has outperformed the market by surging 9 per cent
Eternal Q1 results preview: Brokerages tracked by Business Standard estimate Eternal's net profit to decline around 61 per cent year-on-year (Y-o-Y) on average, to ₹69.05 cr as compared to ₹176 cr
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Zomato and HDFC Pension have collaborated to introduce 'NPS Platform Workers Model' for delivery partners of the food delivery platform, in a bid to provide them access to formal retirement benefits. The model was formally launched by Finance Minister Nirmala Sitharaman at an event organised by the Pension Fund Regulatory and Development Authority (PFRDA) on October 1. "More than 30,000 delivery partners onboarded on Zomato have already generated their PRANs (Permanent Retirement Account Numbers) within 72 hours of this integration and the platform is committed to enable over 1 lakh delivery partners with their NPS retirement accounts within 2025," Zomato said in a statement. Zomato operates on a gig-first model, supporting an average of 5,09,000 independent monthly active delivery partners as of Q1 FY26. According to a NITI Aayog report, the number of platform workers in India is estimated to grow to 23.5 million by FY 2029-30. Currently, there exists a gap in terms of awareness a
Zomato's new Healthy Mode feature assigns scores to meals based on nutrition, using AI and restaurant data to help users pick healthier options across categories
Analysts believe that even though Swiggy has outperformed Zomato on both monthly transaction users (MTU) and gross order value (GOV) growth in the past one year, Zomato's margin is still significantly
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Zomato Hyperpure is a business-to-business (B2B) platform providing kitchen solutions, set up by the restaurant aggregator Zomato
Shrikant Chouhan, Head of Equity Research at Kotak Securities, has recommended buying shares of ICICI Bank and Zomato (formerly Eternal) today
Goldman Sachs says Blinkit's store count could double in the next two to three years, a dynamic which is not being fully reflected in Zomato's current share price
After booking, passengers can avail services such as on-train food delivery in partnership with Zomato, live Passenger Name Record (PNR) status updates, and real-time train tracking
Eternal's share price has risen over 2.75 per cent in the past month and more than 31 per cent over the last three months
Amazon has reported strong traction for 'Now', with 25 per cent M-o-M order growth in Bengaluru and Delhi, and a surge in Prime member shopping frequency, according to JM Financial
On the bourses, Eternal shares have advanced 4 per cent over the past five sessions, 9 per cent in the last month, and a little over 28 per cent in the past three months.
Rakesh Ranjan exits Zomato's food delivery business following a restructuring; Aditya Mangla appointed as new CEO, with the next career move of Ranjan yet to be known